Council LaVerne H 4

What Happened
LaVerne H. Council, a director of CONMED Corp (CNMD), was granted 5,772 restricted stock units (RSUs) on 2026-06-01 (award, $0.00 per share). On 2026-06-02 Council converted/exercised 668 derivative units into 668 shares (recorded at $0.00) and those 668 shares were also reported as disposed the same day (also $0.00). The grant is an award (not a cash purchase); the conversions had no cash exercise price reported and no dollar value shown in the filing.

Key Details

• Transaction dates: Grant on 2026-06-01; conversion/exercise and same-day disposal on 2026-06-02. Filing date: 2026-06-03.
• Prices/values reported: All transactions recorded at $0.00 per share; reported $0 total value.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Each RSU represents a contingent right to one share under the Company’s 2025 Long-Term Incentive Plan; RSUs generally vest 100% after one year (footnotes F1/F2).
• Timeliness: Filing appears timely (period of report 2026-06-01; filed 2026-06-03).

Context

• The award of RSUs is a non-cash compensation grant and is generally considered an alignment of director compensation with shareholder interests rather than an open-market purchase.
• The same-day conversion and disposal of 668 shares is often seen when shares are converted to satisfy tax withholding or to monetize a portion of an award; the filing itself does not state the reason for the disposition.
• For retail investors, awards (A) signal company-provided compensation; conversions/exercises (M) reflect derivative-to-share activity and do not necessarily indicate a bullish or bearish view by the insider.